Image source: Ambarella.Â
Shares of video processing specialist Ambarella (NASDAQ: AMBA) surged in the June 3 trading session after reporting earnings. The company’s results for the most recent quarter were a bit better than expected and although guidance fell slightly short of market expectations (guidance of between $60 and $66 million, against consensus of $69 million), the company had a good explanation for the shortfall.